Rajshree Sugars & Chemicals on Monday informed that the board of directors at its meeting held on May 29, 2017, has recommended a dividend of Rs 1 per equity share of Rs 10 each for the financial year 2016-17.

The company reported a standalone net profit of Rs 27.81 crore for the quarter ended March 31, 2017, as against a net profit of Rs 29.14 crore for the same quarter of the previous year.

Meanwhile, Rajshree Sugars & Chemicals is down by 4.3% at Rs 61.15 per share at 11:19 hours IST on BSE. The stock hit a high of Rs 67.40 and a low of Rs 61.15 so far. It also witnessed a spurt in the volume by more than 2.64 times.

Rajshree Sugars & Chemicals Limited is engaged in the business of white crystal sugar, co-generation of power and industrial alcohol.